Agco reports Q4 adjusted EPS $1.97, consensus $1.83

Reports Q4 revenue $2.9B, consensus $3.17B. “Agco (AGCO) delivered strong fourth quarter results with an adjusted operating margin of 9.9%, even with challenging market dynamics and aggressive production cuts,” said Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “We cut our production hours 33% in the fourth quarter and ended the year with lower company and dealer inventory compared to 2023. Our full-year adjusted operating margin performance of 8.9% is by far our best performance in an industry downturn. The strong performance in 2024, driven by our three high-margin growth levers and intense focus on cost controls, underscores the ongoing structural transformation at Agco as we deliver more resilient and higher earnings across the cycle.”